October 27, 2017 / 6:23 AM / 24 days ago

BRIEF-Attraqt Group revises FY outlook due to certain inaccuracies

Oct 27 (Reuters) - Attraqt Group Plc

* FOLLOWING ERIC DODD‘S APPOINTMENT AS FINANCE DIRECTOR ON SEPT 1, AND AT BOARD‘S REQUEST, REVIEW OF COMPANY‘S FORECASTS HAS BEEN UNDERTAKEN​

* CONCLUDED DUE TO INACCURACIES IN FORECASTING TIMING OF CERTAIN CONTRACTS AND CLIENT “GO-LIVE” DATES, NECESSARY TO REVISE ITS FY OUTLOOK.​

* EXPECTS REVENUES FOR FULL YEAR TO BE CIRCA 10% BELOW PREVIOUS EXPECTATIONS BUT STILL SHOWING YEAR ON YEAR HIGH SINGLE DIGIT ORGANIC GROWTH​

* EXPECTS TO BE EBITDA POSITIVE IN SECOND HALF OF YEAR AS WELL AS BEING BROADLY BREAKEVEN FOR YEAR AS A WHOLE​

* ‍LOWER REVENUE RUN RATE AT END OF 2017 WILL CARRY FORWARD INTO 2018​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below